Television Broadcasts Limited · HKEX:511
Television Broadcasts — H1 2024 Earnings Presentation
9 slides from Television Broadcasts's earnings presentation, Aug 21, 2024
Slide 1: Television Broadcasts Limited 2024 Interim Results Press Conference
Television Broadcasts Limited (Stock code: 00511.HK) 2024 Interim Results Press Conference 21 August 2024
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your information. Such information comprises extracts of operational data and unaudited financial information of the TVB Group for the period ended 30 June 2024 and of certain published information of the TVB Group. The
Slide 3: 1H-2024 Business Highlights
1H-2024 Business Highlights Positive EBITDA of HK$47 million 79% market share 20% growth 22% growth of terrestrial TV viewership in Hong Kong TV Broadcasting in Mainland China Operations in Hong Kong revenue, driven by a 21% rise in revenue, driven by drama income from advertisers co-production 39%
Slide 4: TVB sustains its leadership position with 79% audience share
TVB sustains its leadership position with 79% audience share The average weekday prime time ratings of TVB’s terrestrial TV channels (TV rating (Audience points) share) 79% 80% 79% 79% 20.0 80% 18.0 17.4 17.2 16.2 16.5 70% 16.0 60% 14.0 50% 12.0 22 April 2024: 10.0 40% Launch of TVB Plus 8.0 30% 6.0
Slide 5: 1H-2024 revenue: Core businesses drive growth
1H-2024 revenue: Core businesses drive growth Amounts in HK$ million Total Group 1,560 1,513 -3% 68 271 144 +12% 162 180 Core TV-related segments 168 +22% 383 Mainland China 313 +20% Hong Kong TV 756 628 Broadcasting 1H-2023 1H2023 1H-2024 1H2024 HK TV Broadcasting Mainland China OTT Streaming Inter
Slide 6: 1H-2024 operating cost: Continuing to optimize
1H-2024 operating cost: Continuing to optimize Amounts in HK$ million -HK$305 million Reduction in total operating cost 1,927 1,731 196 1,560 1,560 1,513 1,513 1,622 1,467 155 +HK$233 million Improvement in EBITDA 47 196 155 47 1H-2023 1H-2024 1H2023 -186 1H2024 -186 Group revenue Cash operating cos
Slide 7: Group EBITDA: Positive since 2H-2023
Group EBITDA: Positive since 2H-2023 Expect significant positive EBITDA for 2024 full year Amounts in HK$ million 1,763 1,560 1,513 46 47 -186 -143 -407 -356 1H-2023 2H-2023 1H-2024 Group revenue EBITDA Net results attributable to equity holders 6
Slide 8: 2024 outlook
2024 outlook Expect significantly positive EBITDA for FY2024 & a positive net profit* in 2H-2024 Advertising income to keep growing • Advertising income in Hong Kong continue to grow • Faster growth in OTT digital income • New revenue streams from Greater Bay Area (Guangdong province, Macau) Continu
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